LPG bunker demand lags despite competitive pricing
…LPG has been price-competitive with LNG and at a significant discount to B30 biodiesel, bio-methanol, blue ammonia and green ammonia this year, according to Argus.?…
LPG is one of the fuels that can help ship operators comply with the FuelEU regulation for the next ten years… LPG's lifecycle GHG emissions footprint varies depending on its production pathway. It is pegged at about 81.24 gCO2e/MJ, according to technical support documentation from the California Air Resources Board. At this carbon intensity level, LPG is compliant with FuelEU's GHG limit set at 85.69 gCO2e/MJ through year 2034, similar to LNG.
LPG bunker demand more than doubled to 242,292t in 2023 compared with 101,447t in 2022, according to the latest IMO data collected from vessels of 5,000 gross tonnes and over… But LPG bunker demand was dwarfed by comparison with LNG bunker demand, which was at 12.9mn t in 2023, up from 11mn t in 2022, according to the IMO… LPG accounted for 0.1pc and LNG for 6.1pc of global marine fuel demand from vessels with 5,000 gross tonnes and over in 2023.
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